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AUD/USD erases gains, falls below 0.8850

FXStreet (Córdoba) - AUD/USD pulled back sharply and erased gains in the last hours after hitting during the European session at 0.8897, the highest price in two weeks.

Greenback managed to stabilized across the board in the last horus and recently recovered ground after the release of the jobless claims report. The aussie remains weak in the market affected by the Australian jobs report.

Currently AUD/USD trades at 0.8842/44, just 0.02% above today’s opening price. From daily high declined more than 50 pips but managed so far to hold above Asian session lows that lie at 0.8796.

Canada New Housing Price Index (YoY) remains unchanged at 1.5% in August

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WTI Crude remains weak

WTI Crude prices are hovering around an 18-month low of USD 86.86/barrel despite the dovish US Federal Reserve (Fed) minutes stoking a “risk-on” rally in global markets. The rebound seen in the early Asian trade today could not last long enough as the prices fell below the USD 87 mark.
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